German business sentiment improves more than expected in April – Ifo report
German business morale improved more than expected in April, Ifo survey showed on Wednesday.
The Ifo institute said its business climate index rose to 89.4 compared with 87.9 in March and beat forecast at 88.9.
April’s increase marks…
Read More...
Read More...
Australia inflation slowed less than expected in Q1, hurting rate cut expectations
Australian consumer price inflation moderated less than expected in the first quarter, largely due to persistent pressures on service costs, which disappointed policymakers. Here's a summary of the recent developments:
The Australian…
Read More...
Read More...
US business activity slows in April – PMI
The data released on Tuesday indicate a cooling of business activity in the US, reaching a four-month low due to weakened demand.
Despite this, there's a slight easing in inflation rates, offering a potential relief as the Federal Reserve…
Read More...
Read More...
Cable bounces after solid data / hawkish BoE
Cable bounces from new multi-month low on Tuesday, boosted by better than expected UK services PMI data and hawkish stance from BoE policymakers, who signaled that rate cut might be delayed, as the central bank sees too early cut more…
Read More...
Read More...
FTSE100 hits new record high
FTSE 100 index hit new marginally higher record high on Tuesday, as strong bullish acceleration extends into third straight day.
Strong gains in UK defense stocks, food producers and retailers, along with weaker pound and rising…
Read More...
Read More...
BTC/USD -slight bullish bias above daily cloud, but stronger direction signals still needed
Bitcoin is consolidating in early Tuesday, after advancing 2.8% on Monday and remains constructive as the latest jump has generated positive signal on a marginal close above important barriers at $66144 (50% retracement of $72750/$59538)…
Read More...
Read More...
Gold falls 2% on fading safe haven demand
Gold price fell around 2% on Monday as safe haven demand faded on calmer tones from the Middle East, which ease fears for conflict escalation.
Traders partially collected profits after gold repeatedly failed to sustain gains above…
Read More...
Read More...
EURGBP rallies for the second day as dovish comments from BoE officials deflate pound
EURGBP extends strong rally into second straight day and hit the highest in 4 ½ months on Monday, as the pound was hit by dovish comments from BoE officials, who shifted their initial view and expect inflation to ease further and remain…
Read More...
Read More...
Crude Oil – Bears regain control as fears of conflict escalation fade
WTI oil price fell to the lowest in almost four weeks in early Monday, following a short-lived spike higher on Friday, sparked ty Israel’s attack on Iran.
The sentiment changed quickly to negative on fading signals of escalation of the…
Read More...
Read More...
Break of key Fibo level adds to strong bullish stance but 155 still marks significant barrier
USDJPY keeps firm tone and continues to trade near pivotal 155 barrier, where strong offers cap the action on expectations that Japan’s authorities may intervene at this zone.
Technical picture on daily and weekly chart remains…
Read More...
Read More...